Altoona Pa

I have been a buy and hold investor in Altoona for several years. I market for deals in this area and have had to pass on deals in the past because of resources. If you would like to be added to my buyers list for when these deals come up Contact Me Now! 240-367-9711 or email me at: Show email.
Posted 06/08/17

Hi everyone. Today is a exciting day, I got my first property, a triplex under contract with a owner who is willing to hold part of the mortgage. And I need to know if I need to work with an attorney or not. It is a FSBO and a bank will be holding the 1st mortgage. I just want to make sure I'm doing... More the right way. Anyone willing to help me would be great. Thanks Less .
Posted 04/19/16 -
Updated May 7, 2016

Not really enough info to help, but let me ask a few questions- Is the owner ok with taking a subordinate lien position? Does the lender know you have a seller carry back note? not trying to scare you but check the covenants in the loan doc to be sure your lender allows this. And why do you think you'd... More need an attorney? just review your lenders loan docs to ensure you're not getting yourself into a pickle. If the property cash flows, you may be ok but again, need more information to help Less

May 6, 2016

Always check documents with an attorney. Better be safe then sorry. I do not do any business specially Real Estate without an attorney looking over your shoulder. You can always write off his or her fees at closing or within you taxes as professional fees.

May 6, 2016

Better safe than sorry is great advice. After doing this so long, and having legal experience - and an actual attorney on my team, reading these docs are like anything else to me - but you're right...double checking with a professional- especially if you're brand new- could save a lot of heartache and... More pain if you overlook something. Less

Do you have a list of buyers or sellers looking for property in PA or the surrounding area? I am interested in doing business with investors looking for co-wholesaling and fix-in-flips. If you have a list of interests for properties you might be interested in, then I would be happy to assist you in finding... More these. Less .
Posted 01/12/16

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